Pantomath Group announced that the India Inflection Opportunity Fund, a Rs 500 pre-IPO fund, had closed. Pantomath Capital Management’s category II Alternate Investment Fund aims to capitalise on the opportunity of investing in Indian growth stage businesses on the verge of a big bang breakout at the pre-IPO stage, thus investing with a clear focus on value arbitrage without taking a long-term risk, according to a statement released by the company. The fund will invest in a variety of pre-IPO possibilities in three major themes: made in India, rural consumption, and impact investment, all of which are connected with India’s growing economy.
Meanwhile, the fund announced the first close of around 25% of its target corpus, with major anchor investors participating. Global and domestic family offices, as well as high-net-worth investors, have contributed to the fund, according to the announcement.
“India Inflection Opportunity Fund is focused on under-penetrated businesses with established foundation and visible growth trajectory. We would like to focus on huge addressable market opportunities avoiding ventures with negative cash flows and bleeding balance sheets. Our India Inflection Opportunity Fund will provide the growth capital to various enterprises through an active ownership approach,” Madhu Lunawat, Fund Manager, said.
